SGX Singapore Closing Market Update : Epic Research Singapore

WEAKNESS in Hong Kong and in the Dow futures meant the Straits Times Index (STI) started the week off with a 26.11-point loss at 2,880.69 on Monday, led mainly by the banks. In the second line, the stunning 80 per cent crash in the shares of property developer OKH Global grabbed most of the attention, coming as it did on volume of 247.4 million, making it the session's most active counter.

Overall volume came in at 1.5 billion units worth S$1.04 billion, down sharply from Friday's S$1.7 billion. Excluding warrants, there were 149 rises versus 253 falls.

At the start of Monday's trading the STI had bounced 368 points or 14 per cent in about five weeks, thanks to aggressive interest rate cuts in Japan, China, Europe and an announcement by the US Federal Reserve last week that it was keeping rates unchanged because of economic uncertainties.

Banks and oil-related stocks such as Keppel Corp and SembCorp Marine had been among the biggest gainers, so it came as no surprise that Monday's fall was led by these stocks.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg